Service Businesses
Service businesses carry their risk in receivables and in unbilled work. The accounting has to make both visible monthly, not annually.
What goes wrong in this sector
- Work delivered but not billed
- Retainer scope creeping beyond what is charged
- Long collection cycles against fixed monthly costs
- TDS deducted by clients, not reconciled against 26AS
What we do about it
- Unbilled work and WIP tracking
- Receivables ageing with structured follow-up
- 26AS reconciliation and TDS credit recovery
- Cash-flow forecasting against the collection cycle